HomeAway, LinkedIn Slip In Light Trading

Two Sector Leaders slipped Thursday, even though the market logged modest gains ahead of Good Friday.

HomeAway (AWAY) fell 0.63 to 32.50 — its third straight loss. But volume was again bone dry, ending 35% below average Thursday.

HomeAway's action is a good thing to see after its recent sharp advance. The stock lost 2% for the week after touching a 16-month high on Monday, March 25. HomeAway has only been down in four of the past 16 weeks. All of its weekly losses have come in below-average trade.

The stock is still 18% past a 27.57 buy point from a five-month cup base. It gapped out of that pattern Feb. 21 in nearly six-times average trade, leaving no doubt that a breakout occurred.

HomeAway operates an online marketplace for vacation rentals, which gives travelers an alternative to hotels. The company turned profitable in 2009, earning a dime a share. Last year, it made 48 cents a share. Analysts see profit rising 33% this year.

LinkedIn (LNKD) edged down 1.82 to 176.06 after edging higher the previous two sessions. Thursday's volume tumbled 55% below average and marked one of the lightest trading sessions of the year. The stock slumped 3% March 25 and has mostly treaded water since then.

For the week, LinkedIn fell 3% and ended a four-week run. But LinkedIn remains well extended past a 116.97 handle buy point. It's still 50% past that entry.

The company, which runs a social networking website for professionals, has seen solid profit growth in recent quarters. Earnings grew by triple digits in four of the past five quarters.

See Also

End-of-quarter window dressing caught hold of stocks Tuesday, propelling a sell-off in the final hour of hour of trading. With the first quarter of 2015 proving rocky for investors, portfolio managers may have made their holdings look better by jettisoning weaker issues. The Nasdaq and the S&P ...

GoDaddy (NYSE:GDDY) is set to price its initial public offering after the close Tuesday in a deal set to raise about $396 million, giving it a market valuation near $3 billion. The company is the largest provider of Web hosting services, including domain names and website building. It says it has ...

Facebook (NASDAQ:FB), LinkedIn (NYSE:LNKD) and Twitter (NYSE:TWTR) are all lingering near buy points from recently formed bases. Watch this video for key IBD chart analysis of these three social media stocks. Follow Alissa Williams on Twitter: @IBD_AWilliams.

Stocks traded in a tight range early Tuesday, but an afternoon downdraft resulted in another mild distribution day for the Nasdaq. The S&P 500 fell 0.6% while the Nasdaq gave up 0.3%. Nasdaq volume rose 2% from Monday's level. NYSE volume fell less than 1%. Resilience in the small-cap arena ...

Nuveen Large Cap Growth Opportunities Fund isn't the only stock mutual fund seeking companies that exhibit a catalyst for above-average earnings growth. But the fund's managers have used this approach to land a strong pack of leading stocks. And the fund's position in the relative-ranking standings ...

Select market data is provided by Interactive Data Corp. Real Time Services. Price and Volume data is delayed 20 minutes unless otherwise noted, is believed accurate but is not warranted or guaranteed by Interactive Data Corp. Real Time Services and is subject to Interactive Data Corp. Real Time Services terms. All times are Eastern United States. *Reflects real-time index prices.